Bitdeer shares dropped 15% on earnings day despite 170% revenue growth, as a $159.5M net loss and costly AI infrastructure pivot weighed on

Bitdeer mined 2,694 BTC in Q2, nearly five times its year-earlier output, while its corporate Bitcoin holdings fell 90% to 150 BTC.

The company is focused increasingly focused on becoming a provider of AI infrastructure, expanding beyond its core bitcoin mining business.